Bpost reverses steam, Solvay rebounds (+ Briefing actions)



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European markets are optimistic on Thursday as US tariffs on Chinese goods come into effect tomorrow

• The trend

The main European indices show a nice rise on Thursday, despite the lack of direction provided by Wall Street and the eve of the implementation of US tariffs on tens of billions of dollars of Chinese products.

The euro

    
    

making progress against the greenback

In Brussels, Bel 20

    
    

was 0.79% around midday while the index of securities listed continuously was more reserved (+0.67%).

Bpost (+ 2.6%) is in head of Bel 20. The postal operator has successfully raised 650 million euros via a bond issue twice oversubscribed. Solvay Aperam and ING earn around 2%. Ontex (- 1.1%) is a red lantern

Excluding Bel 20, Econocom climbs by 4.3% after its severe correction in recent days. Melexis recovers (+ 2.5%) and Nyrstar wins 2.8%. Let us also note the gains of Sioen (+ 2.4%) and Bekaert (+ 1.9%).

On the side of the folds, let us retain those of Jensen (- 2.3%), from IBA (-1.8%) and from Celyad (- 1.4%).

• The briefing Belgian actions

> Ahold Delhaize

    
    

: Deutsche Bank raised its price target to 20 euros against 19.5 euros before. The recommendation remains to be "preserved."

> Bpost

    
    

raised 650 million euros at 8 years via a bond issue twice oversubscribed. It carries a coupon of 1.25% and will be used to refinance the acquisition of Radial. The release.

> While bpost announced Tuesday that it was giving up the removal of parcels during the weekend, the company is backing down. It will be nothing. Our article

> Bpost : Barclays reduced its price target to 21.80 euros against 26.50 euros before. The recommendation remains "overweight".

> Galapagos

    
    

: Jefferies reduced its price target on the US certificate to $ 134 from $ 139 before. The broker remains to "buy" and does not change its target price for the action (115 euros).

> The participation of BlackRock in Ageas

    
    

amounted to 5.11% on June 29.

> Engadine Partners increased its short position on Ontex

    
    

from 1.15% of the capital to 1.20% on July 3.

> Following the private placement last May, the participation of François Fornieri in Mithra

    
    

fell below the threshold of 30% It is 28.18% against 30.33% before.

> Following the private placement last May, Meusinvest's stake in Mithra fell below the 15% threshold. It stood at 14.37% against 15.47% before.

> Marshall Wace increased its short position on Mithra from 0.50% of the capital to 0.60% at the dated July 3.

> BlackRock has crossed, on the rise, the threshold of 1% in the capital of KBC Ancora

    
    

and held, as of July 2, a participation of 1.08%.

> FNG

    
    

reports that the new shares proposed as part of its capital increase generated a demand of 50 million euros. The minimum size of the offer will therefore amount to this amount. The offer ends this day. The maximum amount of the offer could reach 109.4 million euros if all the shares are subscribed and the top of the range is applied. The press release

> Immobel

    
    

entrusted Kepler Cheuvreux with the implementation of a liquidity agreement for its common shares. For the implementation of this contract, Immobel makes available 40,000 of its shares. Kepler Cheuvreux will begin trading Immobel shares on July 9, 2018. The press release.

> To keep an eye on this Thursday . USA . Employment in the private sector June at 14:15. ISM service indicator June at 16h. Minutes of the Fed meeting of June 13 at 8 pm

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